Exercise 1 :

A company purchased merchandise to be resold at increasing costs during the year 2011. The purchases were made at the following costs...

Assuming the perpetual moving-average cost flow assumption, what is the company's cost of goods sold for the 120 items sold in 2011 ?

Beginning inventory..

Total units equql..

Cost of goods ovailable for sale

Weighed average cost

Cost of goods sold..

Ending inventory..

Exercise 2:

A company purchased merchandise to be resold at increasing costs during the year 2011. The purchases were made at the following costs...

March 2, 2013	10 units	10 RS
March 6, 2013	20 Units	12 Rs
March 10,2013	40 Units	20 Rs
March 20 , 2013	60 units	30 Rs

Assuming the perpetual moving-average cost flow assumption, what is the company's cost of goods sold for the 90 items sold in 2013 ?

Total units equal..

Cost of goods ovailable for sale

Weighed average cost

Cost of goods sold..

Ending inventory..

January 1, 2011 (carried over from 2010) January 25, 2011 purchase June 20, 2011 purchase October 10, 2011 purchase 20 units at $10 40 units at $11 40 units at $12 50 units at $13